The institute will be managed by the lab and the University of Tennessee.

The project is part of an overall $26 million investment by the state for
new facilities at ORNL, a commitment made three years ago when the University
of Tennessee submitted a winning proposal to manage the federal laboratory
in conjunction with Battelle.

The joint institute will promote computational resources in Oak Ridge and
help researchers at UT and other institutions make better use of the high-performance
machines available there.

ORNL recently signed an agreement with Cray Corp. to pursue development of
the world's fastest supercomputer.

The Center for Advanced Studies will be a think-tank that is expected to
bring together scientists and educators from around the country and the world.
These experts will address technical challenges and issues of the day.